Office Depot raises size of credit facility to $1.3 billion, extends maturity date to April 2025 [MarketWatch]
The ODP Corporation (ODP)
Last the odp corporation earnings: 2/26 06:50 am
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Source: MarketWatch
Office Depot Inc. stock rose 3.1% in Monday premarket trading after the company increased the size of its asset-based credit facility to $1.3 billion. The refinancing also extends the maturity date to April 2025. The office supply retailer has retired the term loan credit agreement that was due in 2022. Office Depot stores remain open to sell essential supplies, including cleaners and personal care products, as well as items used for home offices and home schooling. "Combined with the $87 million in cash proceeds from the Timber note maturity in January, these actions further simplify our balance sheet and reinforce our liquidity position as we navigate the current environment created by the recent global health crisis that has unfolded in our nation," said Chief Executive Gerry Smith in a statement. Office Depot has borrowed $400 million from new facility, and is using the funds along with cash on hand to pay the remaining $388 million balance on the term loan as well as $66 million
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News
- ODP (NASDAQ:ODP) had its "sell (d-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Here is What to Know Beyond Why The ODP Corporation (ODP) is a Trending Stock [Yahoo! Finance]Yahoo! Finance
- ODP (NASDAQ:ODP) had its "sell (d-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Families Stretched Back-to-School Shopping Season in 2025 to Ease Financial Strain [Yahoo! Finance]Yahoo! Finance
- ODP (NASDAQ:ODP) had its "sell (d-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
ODP
Earnings
- 11/5/25 - Beat
ODP
Sec Filings
- 12/5/25 - Form 8-K
- 11/21/25 - Form DEFA14A
- 11/21/25 - Form 8-K
- ODP's page on the SEC website